rainmaker
Hall of Famer
http://www.cbssports.com/nba/blog/ken-berger/18585053
That can only be good news.
On Friday in New York, the Maloofs pulled out of the arena financing deal, which called for the public to may $255 million of the approximately $400 million arena cost. Amid fallout from their decision, which a league source told CBSSports.com Sunday has infuriated their fellow owners, the Maloofs have reiterated that they want to keep the team in Sacramento.
"I swear that is not going to happen," Joe Maloof told the Sacramento Bee, when asked if the family plans to file for relocation.
Commissioner David Stern backed the Maloofs' decision to pull out of the deal, calling it "their prerogative." But the Maloofs' fellow owners are at their wit's end with the family's bungling of the arena deal, according to a person familiar with the Board of Governors' stance.
"We can complain, we can jawbone them, but there's nothing we can do," the person said. "We can't force them to sell."
That can only be good news.
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